“The FINL Liberalization Act is included in President Aquino’s priority legislative measures as of July 2015. It is intended to remove restrictions on adjustment companies, lending companies, financing companies and investment houses in the FINL under a single reform measure,†the JFC said.
Read MoreThe European Chamber of Commerce of the Philippines still believes there is room for smaller retail investments, and consequently supports the further opening of the retail sector through the revision of R.A. 8762, in line with our advocacy in making the Foreign Investment Negative List more positive.
Read More"What is interesting for me to see is when I first arrived here in 2005, many buildings were not yet there, and 10 years later, there is a boom in high-rise buildings all over the place. So you can really see the growth." Gottein said pointing out to the view outside.
Read More“The GDP growth is lower than expected and reflects government’s continuing delay in getting infrastructure projects implemented. Another issue is the low level of foreign direct investment due to the restrictive policies. If growth is to accelerate in the second half, these issues need to be addressed now,†said Henry Schumacher, vice president for external affairs at the European Chamber of Commerce of the Philippines.
Read MoreThe traffic situation in Metro Manila is so bad that Metropolitan Manila Development Authority (MMDA) Chairman Francis N. Tolentino even characterized it as bloody.
Read MoreThe foreign business community has renewed its call for the establishment of a Department of Information and Communications Technology (DICT), saying this will enhance the attractiveness of the Philippines as an investment destination.
Read MoreForeign Business associations in the Philippines have renewed their push at the House of Representatives for the passage of a law to create a Department of Information and Communication Technology (DICT).
Read MoreThe finance department added that it would hurt the Philippine government’s credibility before the international community, and, in the process, hurt confidence in President Aquino’s privatization thrusts and investment-generation programs like the public-private partnership (PPP) program.
Read MoreRapid developments in technology are changing the world and having a dramatic impact on the way we live, work, communicate and interact and do business. The government and the private sector should therefore be setting out an ambitious journey towards achieving a digital economy, highlighting the role of ICT as a key enabler in social, economic and environmentally sustainable growth and development.
Read MoreThe government’s response to attacks by a Chinese government hacker group named Naikon that had stolen secret data from supposedly secure agencies such as the Office of the President, the National Security Council and the National Intelligence Coordinating Agency for many years was to organize an ad hoc group consisting of personnel from the Department of Science and Technology to bolster cybersecurity in government websites.
Read MoreThis realization helped trigger the move in May by the European Chamber of Commerce of the Philippines (ECCP) to launch the first in the series of LGU-Business Forums involving the League of Provinces of the Philippines; the League of Cities of the Philippines and the League of Municipalities of the Philippines.
Read MoreThe study, a first in the Asia-Pacific region, was organized by Pilipinas Shell together with multisectoral stakeholders, such as the Metropolitan Manila Development Authority, the European Chamber of Commerce of the Philippines, League of Cities of the Philippines, as well as some non- governmental organizations.
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In close partnership with government, businesses, civil society, and academia, ECCP passionately works to enhance the business environment for both European and Filipino companies.